Financial literacy and numerical ability: Keys to better mortgage outcomes

While mortgage credit expansion had lead to a rapid increase of home ownership in the US, the reversal of home prices beginning in 2006 resulted in a substantial increase in mortgage delinquencies and an explosion in outright defaults. Its devastating impact on the associated mortgage backed securit...

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Main Author:	Singapore Management University
Format:	text
Language:	English
Published:	Institutional Knowledge at Singapore Management University 2012
Subjects:	Corporate Finance Finance and Financial Management
Online Access:	https://ink.library.smu.edu.sg/pers/306 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1310&context=pers
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Institution:	Singapore Management University
Language:	English

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spelling	sg-smu-ink.pers-13102017-03-22T05:40:32Z Financial literacy and numerical ability: Keys to better mortgage outcomes Singapore Management University While mortgage credit expansion had lead to a rapid increase of home ownership in the US, the reversal of home prices beginning in 2006 resulted in a substantial increase in mortgage delinquencies and an explosion in outright defaults. Its devastating impact on the associated mortgage backed securities led the US and the world to its worst financial and macroeconomic crisis since the Great Depression, with its deleterious effects still felt today. 2012-01-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/pers/306 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1310&context=pers http://creativecommons.org/licenses/by-nc-nd/4.0/ Perspectives@SMU eng Institutional Knowledge at Singapore Management University Corporate Finance Finance and Financial Management
institution	Singapore Management University
building	SMU Libraries
country	Singapore
collection	InK@SMU
language	English
topic	Corporate Finance Finance and Financial Management
spellingShingle	Corporate Finance Finance and Financial Management Singapore Management University Financial literacy and numerical ability: Keys to better mortgage outcomes
description	While mortgage credit expansion had lead to a rapid increase of home ownership in the US, the reversal of home prices beginning in 2006 resulted in a substantial increase in mortgage delinquencies and an explosion in outright defaults. Its devastating impact on the associated mortgage backed securities led the US and the world to its worst financial and macroeconomic crisis since the Great Depression, with its deleterious effects still felt today.
format	text
author	Singapore Management University
author_facet	Singapore Management University
author_sort	Singapore Management University
title	Financial literacy and numerical ability: Keys to better mortgage outcomes
title_short	Financial literacy and numerical ability: Keys to better mortgage outcomes
title_full	Financial literacy and numerical ability: Keys to better mortgage outcomes
title_fullStr	Financial literacy and numerical ability: Keys to better mortgage outcomes
title_full_unstemmed	Financial literacy and numerical ability: Keys to better mortgage outcomes
title_sort	financial literacy and numerical ability: keys to better mortgage outcomes
publisher	Institutional Knowledge at Singapore Management University
publishDate	2012
url	https://ink.library.smu.edu.sg/pers/306 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1310&context=pers
_version_	1681132571585413120

Financial literacy and numerical ability: Keys to better mortgage outcomes

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